News Snapshot:
A $14 million smart contract scam has been tracked down by the Chinese police. According to reports from a Chinese media outlet, the team of scammers who were said to have been situated in their headquarters in the Eastern Chinese province of Fujian was infiltrated by police officials who arrested the perpetrators. Allegations go as far back as 2019, when the authorities were notified that the suspects had defrauded their victims of more than 100 million yuan, equivalent to $14 million. The fake smart contract business required participants to send in Cryptocurrencies like Bitcoin, Ethereum, and Tether, in exchange for...
